Long-Term Notes Receivable. Use the following present value tables to help answer the following questions.

*Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas.

PV of $1
Periods	2%	3%	4%	6%	8%	12%
3	.94232	. 91514	.88900	.83962	.79383	.71178
5	.90573	. 86261	.82193	.74.726	.68058	.56743
8	.85349	.78941	.73069	.62741	.54027	.40388
10	.82035	.74409	.67556	.55839	.46319	.32197
20	.67297	.55368	.45639	.31180	.21455	.10367

PV of Ordinary Annuity
Periods	2%	3%	4%	6%	8%	12%
3	2.88388	2.82861	2.77509	2.67301	2.57710	2.40183
5	4.71346	4.57971	4.45182	4.21236	3.99271	3.60478
8	7.32548	7.01969	6.73274	6.20979	5.74664	4.96764
10	8.98259	8.53020	8.11090	7.36009	6.71008	5.65022
20	16.35143	14.87747	13.59033	11.46992	9.81815	7.46944

Questions 1 3 USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (3) QUESTIONS:

Sun Devil Inc. accepts a $1,000,000, 8% note on January 1, 2019, in exchange for merchandise. The note is due in 5 years and requires the customer to pay interest quarterly, beginning March 31, 2019. Principal will be received at maturity. The customers normal borrowing rate is 12%.

1. Determine the amount of Sales Revenue Sun Devil can recognize on Jan 1, 2019: $_____________

Using the information in #1 above, determine the carrying value of the Note Receivable at December 31, 2021: $_________________

Using the information in #1 above, determine the Total Interest Revenue Sun Devil will earn over the entire 5-year lending agreement:

$_______________________